The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.

Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.

On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.

One company value investors might notice is Barratt Developments PLC Unsponsored ADR (BTDPY Quick QuoteBTDPY - Free Report) . BTDPY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock has a Forward P/E ratio of 7.15. This compares to its industry's average Forward P/E of 16.77. BTDPY's Forward P/E has been as high as 9.62 and as low as 6.35, with a median of 8.95, all within the past year.

BTDPY is also sporting a PEG ratio of 1.22. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. BTDPY's industry currently sports an average PEG of 2.68. BTDPY's PEG has been as high as 1.32 and as low as 1.22, with a median of 1.23, all within the past year.

These figures are just a handful of the metrics value investors tend to look at, but they help show that Barratt Developments PLC Unsponsored ADR is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, BTDPY feels like a great value stock at the moment.